Common use of Determination to Proceed with Settlement—CVS Clause in Contracts

Determination to Proceed with Settlement—CVS. If the Settling States elect to proceed, CVS shall then determine whether to proceed with the Agreement. This determination shall be in CVS’s sole discretion and may be based on any criteria or factors it deems relevant. CVS shall provide notice to the Settling States and the Enforcement Committee of its decision no later than the Reference Date. If CVS elects to proceed with the Agreement, the Parties will proceed to file the Consent Judgments, and the obligations in the State Participation Forms and the Subdivision Participation Agreements will become effective as of the Reference Date. If CVS elects not to proceed, this Agreement will have no further effect, and all releases (including those contained in Subdivision Participation Agreements) and other commitments or obligations contained herein or in Subdivision Participation Agreements will be void.